The Nikkei 225 Index jumped 2.1% to above 55,000 while the broader Topix Index gained 1.6% to 3,723 on Wednesday, rising for a second straight session as lower oil prices eased concerns about resurgent inflation and lifted risk appetite. Oil prices declined further after the International Energy Agency proposed the largest release of oil reserves in its history, surpassing the 182 million barrels the group released in 2022 when Russia invaded Ukraine. Japanese tech stocks led the advance after Oracle shares surged nearly 9% in extended trading on strong revenue, boosting sentiment in the artificial intelligence space. Top performers included Kioxia Holdings (6.3%), SoftBank Group (5%), and Fujikura (4.8%). Nintendo also jumped 6% after filing a formal complaint seeking refunds for tariffs collected by the US. Elsewhere, Japan Display soared another 30% on reports that the US and Japan are considering plans to build a display factory in the US.